# Gujarat CCoE Files Chargesheet in Rs 226 Crore Illicit Crypto Syndicate Linking Dark Web Drugs to Hamas and Houthi Funding

> The Cyber Center of Excellence in Gandhinagar has filed a chargesheet detailing a Rs 226 crore global illegal crypto network that routed dark web drug money into terror outfits via Monero and USDT.

**Type:** article · **Category:** Crime · **Published:** 2026-08-27 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crime/gujarat-men-226-crore-rs-ke-avaidha-crypto-syndicate-ki-charge-sheet-dakhila-hamas-aura-houthi-se-jure-tara-23277 · **Language:** English
**Tags:** Gujarat Police, Cyber Crime, Crypto Network, Dark Web, Chargesheet, Hawala Business, Hamas, US Israel Probe

Unraveling a complex and deeply entrenched international **dirty crypto** syndicate, the **Cyber Center of Excellence (CCoE)** in Gandhinagar has submitted a comprehensive chargesheet outlining an illicit financial web worth over Rs 226 crore. According to the investigative findings, this network systematically used privacy-centric digital currencies to obscure proceeds from crime and transport them across international borders through sophisticated illegal routing mechanisms. The law enforcement authorities have confirmed that money gathered from both domestic cybercrimes and overseas drug operations was converted using digital channels. Following an extensive investigation, a total of 10 accused individuals have been apprehended from locations across Gujarat, Mumbai, and Haryana as agencies unravel the deeper architecture of the network.

## Global Operations and Direct Terror Funding Links
The detailed chargesheet reveals that the criminal organization went far beyond conventional financial fraud, actively connecting dark web illicit markets, international narcotics smuggling, and foreign extremist financing. Financial intelligence analysis demonstrated that the syndicate generated massive capital from narcotics distribution operations based out of Britain and Dubai. Furthermore, law enforcement agencies have presented digital evidence asserting direct monetary trails connecting this syndicate to militant organizations, including Hamas, Yemen-based Houthi rebels, and Iran's **IRGC-QF (Islamic Revolutionary Guard Corps-Quds Force)**. The funds were strategically layered through multiple digital intermediaries to ensure a steady financial stream to these organizations while attempting to avoid detection by international counter-terrorism monitoring bodies.

## Monero, USDT, and Dark Web Marketplace Mechanics
To keep the illegally acquired funds invisible to law enforcement scrutiny, the syndicate relied heavily on Monero, a privacy-focused cryptocurrency designed to obscure transaction history, alongside USDT stablecoins. Because Monero utilizes specialized cryptographic methods that hide the sender, recipient, and transaction value, it served as the primary instrument for obscuring the initial origin of the funds. Once the trail was sufficiently obfuscated in Monero, the digital assets were converted into USDT. To cash out these digital tokens, the syndicate bypassed regulated banking environments entirely, opting instead for traditional Angadia networks and informal hawala operations. Once converted into physical currency, the cash was safely dispatched to overseas handlers overseeing the operations.

## Binance Wallets, P2P Exchanges, and Angadia Channels
The process of money laundering required extensive layering to sever any visible link between the crime and its financial reward. The syndicate deployed multiple **Binance** wallets, routing dark web proceeds across dozens of intermediate digital wallets in rapid succession to scramble the digital trail. Subsequently, peer-to-peer (P2P) trading mechanisms were utilized to exchange the crypto tokens into Indian rupees and hard cash. The primary objective behind this elaborate scheme was to obscure both the source and the true ownership of the capital. Recognizing that transactions through formal banking institutions would trigger automated fraud alerts, the perpetrators utilized private Angadia firms, which facilitate the offline transfer of large cash volumes without leaving digital footprints.

## Identity Theft, KYC Exploitation, and 935 Fraud Cases
The infrastructure supporting this network relied heavily on identity fraud and systemic document manipulation. Investigators discovered that the syndicate illicitly obtained and misused the **PAN** and **Aadhaar** identity cards belonging to relatives and unsuspecting individuals. Using these stolen identity details, the perpetrators registered numerous fraudulent cryptocurrency accounts and digital wallets, ensuring that any police investigation would lead to dead ends. Suspects recently detained in Bhavnagar are currently undergoing interrogation regarding their specific role in breaching **KYC (Know Your Customer)** verification protocols to establish dummy wallets. Additionally, the network operated on dark web portals such as **ARTEMISLAB.CC** and **ABACUS Market**, conducting transactions in Monero and USDT to buy and sell illegal narcotics. Crucially, forensic analysis revealed that the crypto wallets used by this syndicate were linked to 935 separate cyber fraud cases registered across India, proving that money stolen from ordinary citizens was funneled directly into this illicit scheme.

## 10 Arrests, 279 Accounts and Wallets Frozen, and Global Co-operation
Law enforcement authorities have taken decisive action by arresting 10 individuals across Gujarat, Mumbai, and Haryana who played key roles in managing, converting, and transferring these illegal assets. Police are actively interrogating the suspects apprehended in Bhavnagar to determine the exact scale of identity theft and dummy wallet creation. Throughout the investigative proceedings, law enforcement agencies identified and froze a total of 184 suspicious bank accounts and 95 cryptocurrency wallets operated by the syndicate, completely blocking the movement of funds within those accounts. Given the international footprint of the operations, the Gujarat CID Crime unit has established active channels of cooperation with law enforcement and intelligence agencies in the United States, Israel, and the United Kingdom. These international partnerships aim to track cross-border transactions, dismantle dark web channels, and identify the ultimate foreign beneficiaries and masterminds directing this multi-crore criminal operation.

## What this means for you
The exposure of this major cybercrime and illicit crypto syndicate highlights critical security measures for online banking users and cryptocurrency investors.

- **Across India:** Law enforcement agencies are tightening oversight on unauthorized crypto transactions and digital wallets. With links to 935 nationwide cyber fraud cases, monitoring mechanisms for peer-to-peer (P2P) transfers are being strengthened.
- **In Gujarat:** Local police and CID Crime units are actively auditing mule accounts and fraudulent KYC registrations. Strict verification guidelines are being enforced across regional identity registration centers.
- **Identity Protection:** Never share copies of identity documents like Aadhaar or PAN cards with unverified third parties. Stolen credentials can be used to set up illegal crypto wallets and mule bank accounts under your name.
- **Reporting Fraud:** Immediately report any suspicious account activity, unauthorized OTP requests, or unknown fund transfers to the national cybercrime portal or helpline 1930 without delay.

## Questions & Answers

### 1. What is the total value of the illegal crypto network busted by Gandhinagar CCoE?
The investigation chargesheet revealed an international dirty crypto syndicate valued at over Rs 226 crore.

### 2. From which states have arrests been made in this case?
A total of 10 accused individuals have been arrested from Gujarat, Mumbai, and Haryana.

### 3. Which cryptocurrencies were used to conceal the illicit funds?
The network primarily used Monero, a privacy-focused cryptocurrency, alongside USDT to hide the source of the money.

### 4. Are there direct links to international militant organizations in this probe?
Yes, the chargesheet connects the network to financial transactions involving Hamas, Yemen's Houthi rebels, and Iran's IRGC-QF.

### 5. How many bank accounts and crypto wallets have been frozen by authorities?
Law enforcement agencies have identified and frozen 184 suspicious bank accounts and 95 cryptocurrency wallets.

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